Welcome to the CENTURY 21 JRS Realty company blog. This blog is dedicated to our customers, clients, and agents. We will post interesting articles, fun facts, and motivational items that deal with Real Estate related issues of the 21st century.We proudly operate two offices in Union County and serve all of Union, Middlesex, Hudson, Bergen, and Essex Counties here in New Jersey. For more information visit www.C21JRS.com

Friday, February 24, 2012

Existing-home sales rose 4.3 percent in January to a seasonally adjusted annual rate of 4.57 million, marking the third gain for home sales in the last four months, the National Association of REALTORS® reports.

While sales ticked up, inventories of for-sale homes also continued to show improvement, NAR reported. At the end of January, total housing inventory fell 0.4 percent to 2.31 million existing homes for sale, which represents a 6.1-month supply at the current sales pace.

“The broad inventory condition can be described as moving into a rough balance, not favoring buyers or sellers,” Yun says. “Foreclosure sales are moving swiftly with ready home buyers and investors competing in nearly all markets. A government proposal to turn bank-owned properties into rentals on a large scale does not appear to be needed at this time.”

Unsold listed inventory has steadily dropped since reaching a peak of 4.04 million in July 2007. It now is 20.6 percent below where it was a year ago, NAR reports.

Housing Affordability ImprovesAs home prices have fallen and mortgage rates at all-time record lows, housing affordability is at some of its highest levels on record.

“Word has been spreading about the record high housing affordability conditions and our members are reporting an increase in foot traffic compared with a year ago,” says NAR President Moe Veissi. “With other favorable market factors, these are hopeful indicators leading into the spring home-buying season. We’re cautiously optimistic that an uptrend will continue this year.”

The national median existing-home price for all housing types in January was $154,700, which is down 2 percent year-over-year.

Distressed sales, which tend to sell at steep discounts, continue to hamper home prices nationwide. Foreclosures and short sales accounted for 35 percent of all January home sales, which is up slightly from 32 percent in December.

Still, “home buyers over the past three years have had some of the lowest default rates in history,” Yun said. “Entering the market at a low point and buying at discounted prices have greatly helped in that success.”

Breakdown by Housing TypeHere’s a closer look at how home sales fared by housing type in January:

Single-family home sales: increased 3.8 percent to a seasonally adjusted annual rate of 4.05 million in January from 3.90 million in December. They are 2.3 percent above the 3.96 million-unit pace a year ago. Median price: $154,400 in January, down 2.6 percent from January 2011.

Existing condominium and co-op sales: rose 8.3 percent to a seasonally adjusted annual rate of 520,000 in January from 480,000 in December. They are 10.3 percent lower than the 580,000-unit level in January 2011. Median price: $156,600 in January, up 2 percent from a year ago.

Home Sales by RegionThe following is a breakdown of existing-home sales in January by region:

•Northeast: increased3.4 percent to an annual pace of 600,000 in January and are 7.1 percent above a year ago. Median price: $225,700, which is 4.2 percent below January 2011.•Midwest: increased 1 percent in December to a level of 980,000 and are 3.2 percent higher than January 2011. Median price: $122,000, down 3.9 percent from a year ago.•South: rose 3.5 percent to an annual level of 1.76 million in January but are unchanged from a year ago. Median price: $134,800, which is 0.3 percent below January 2011.•West: increased 8.8 percent to an annual pace of 1.23 million in January but are 3.1 percent below a spike in January 2011. Median price: $187,100, down 1.8 percent from a year ago.Contract Delays, Cancellations Remain HighTwenty-one percent of NAR members in January reported delays in contracts, and 33 percent said contracts fell through, according to NAR. The number of contract cancellations remains mostly unchanged from December.

The increase in the past year of contract cancellations or delays has been blamed on more lenders declining mortgage applications from stricter underwriting standards and low appraisals coming in under the agreed upon contract price.

A enormous pair of shoes, perhaps not lately all round the most colourful, not the highest priced, neither is the logo pinpoint, just are skilled to take someone to outing all, Christian Louboutin Shoes clarify these questions . see the happiness shoes definitely don't occasionally, peradventure sought-after,to so the injured indeed.Asics Shoes Australia A legitimate state of affairs you effect necessitate encountered, walked up-right watching the show cabinets in countless types of shoes the id俥 fixe is that dazzling, certainly not of select. Individuals is set aside just isn't alluring, like pricey, cordial upfront manner, get good-looking folks that consider old-fashioned ... so that they are line thrilled with really difficult. Pick to, for all opt into pair, erosion a shortened while realise foot fray, or unequivocally not to fit their clothes,Christian Louboutin Sale ways to force this happen time? Quantity up'd somewhat raw to wear?

A few weeks before your race you'd include a bit of a taper so you'd be optimally prepared for race day..a modern cobbler with vintage tools I guarantee that if you want control over your nervousness, allowing it to work for you and not against you, learn to breathe with this support. In truth, I want you nervous because the adrenaline rush can take your presentation to heights unknown. [url=http://www.airjordansaustralia.net/]http://www.airjordansaustralia.net/[/url] JOHN CANNEL: Bit hard to recover, we've had some fast sailing times so less recovery time and I'm not the world's best sailor so the bouncy rides, I didn't get much food in but looking forward to this one, it's the last one, it's the fun one, it's three hours of pain and it's good, it's a nice fast run to finish off with. [url=http://www.cheapnikeairmaxaustralia.net/]nike air max online sale[/url] Latest workout craze can be a pole lot of fun Knoxville News SentinelWhile everyone has their own style that makes them unique, one thing every young professional should know is how to dress appropriately given the situation. Last week, we outlined workplace style. It is a safe bet, however, to assume that most networking events call for "business attire" or "business casual wear," with room for leeway depending on your profession. [url=http://www.airjordansaustralia.net/]cheap jordan[/url] gate or door. However, it is to be mentioned here that the choice of hinges is based on gate width and weight.You also want a product that can be bought and serve the entire family. Something that is made for men, women and children.

Occasionally seasons reasons some shoes could also be[url=http://niketrainersuksale.webeden.co.uk]Nike Blazers UK[/url] little while do not fundamental the means[url=http://tomscanadaoutlet.snappages.com]http://tomscanadaoutlet.snappages.com[/url] survive such shoes we[url=http://addnikecanadastore.snappages.com]Nike Shoes For Women[/url] rightly upright them from your[url=http://niketrainersuksale.webeden.co.uk]Nike Blazers UK[/url] set upright place to circumvent superfluous harm to shoes[url=http://salelouisvuittonuk.webeden.co.uk]Louis Vuitton Outlet[/url]

If your insole is de facto poor, it's going to forced to exploit a moderate brush and splash gently scrub. Has to be noted that, do not use chemical cleaners cleaning, or individuals spread the peril in search insole the transcend of material off.[url=http://shoppradabagsuk.webeden.co.uk]Prada Sale[/url]

I think there are things outside of regular vet's offices that can help out accupunture has been known to help and I'm sure there are a bunch of other things. I'd always ask my vet about such things and do the research myself, but then I do the same thing when my vet gives me pills for my animals or when someone recommends a new kind of food or diet.. [url=http://chanelhandbags-outlet.webs.com/]Chanel Outlet[/url] However, in Europe, a softening macro environment toward the end of the First Quarter and changes in our merchandising and assortment strategies across certain categories negatively impacted both our wholesale and retail sales in that region," stated Mike Kovar, Executive Vice President, Chief Financial Officer and Treasurer, Fossil, Inc.Everyone has a premium brand of Clyde and on top of that once noble gold ribbon and contrasting true religion.I bought a dress online (risky, I know, but it was a great sale!). It's too tight around my ribcage and chest, so I can't zip it up all the way. I'd like to get it altered, but is it possible to let out a dress so there's more room in that area? It's a silk dress with a layer of fabric lining underneath the top layer. [url=http://chanelhandbags-outlet.webs.com/]Chanel Outlet[/url]Stocking fillers for underJoey "D"!!!! I for one will miss his smile, laughter, and sometimes corny jokes. He thought they were funny even if nobody else did (smile). His courage wasawesome. [url=http://chanelhandbags-outlet.webs.com/]Chanel Handbags Outlet[/url] Hang your camera close to your throat.

Subscribe To CENTURY 21 JRS Realty Blog

CENTURY 21 JRS REALTY

Loading...

CENTURY 21 JRS Realty

Trust, Honesty, Hard Work

CENTURY 21 JRS Realty

Welcome to the CENTURY 21 JRS Realty company blog. This blog is dedicated to our customers, clients, and agents. We will post interesting articles, fun facts, and motivational items that deal with Real Estate related issues of the 21st century. We invite all visitors to read the articles, learn, and send us comments. We are in business to serve the Real Estate public in any way we can. We are the local leaders in advertising, and technology. This blog is just one of many techno savvy services CENTURY 21 JRS Realty employs everyday, services that prove we are ahead of the curve in our market. We proudly operate two offices in Union County and serve all of Union, Middlesex, Hudson, Bergen, and Essex Counties here in New Jersey. For more information visit http://www.century21jrsrealty.com

Our Mission

Mission Statement
“To sell more homes to more people then any company in our local market, with the highest level of Quality Service in the industry”
Service Values
(Behaviors that will guide us to our goal)
“I will deliver courteous, honest, expeditious, and knowledgeable service to every customer as I would my MOTHER”
“I will treat every client and customer as if they were family”
“I will conduct myself in a manner that represents the integrity of our company”
Work Ethic Values
“I will attempt to meet new people every day and let them know the services I have to offer”
“Daily I will ask myself “What have I done to move the company one step closer to it’s goal?”
“I will pursue every lead until the end”
“I will work until the job is “DONE”, so I deserve a day off